1) Because of the proximity to domestic and international airports and the western and eastern highways. 2) Excellent infrastructure and regulated traffic. 3) Proximity to high-end residential areas such as Bandra and the presence of the Dhirubhai Ambani International School and the American School of Bombay and
4) Hygienic surroundings, ample green cover and open spaces
Bandra-Kurla Complex is one of the most strategic commercial and residential real estate locations in Mumbai. In reality, the BKC is considered to be one of the stupefied acts of restoring urban renewal till date.
With the current uncertainty, it may not be the ideal locality to settle down at the moment. However, with future possibilities of improvement, one can buy a property here from the point of capital investment.
Properties such as 2/3/4 and 5 BHK apartments are currently available here for purchase. With a built up area of approximately 1,200 sft, a 2/3 BHK apartment is available for a price between Rs. 15,750 to Rs. 15,800 per sqft. A 2 BHK property with a built up area of 1,300 sft is available for Rs. 19,500 per sqft. A 3 BHK apartment with an area of 1,560 sft is available for a price range of Rs. 16,600 to Rs. 16,700 per sqft. A 4 BHK apartment is available for Rs. 38,100 per sft with an approximate area of 4,800 sqft. A 5 BHK apartment with area 4,000 sft is available for Rs. 87,500 per sqft.
As far as I know the commercial land rates have undergone continuous fluctuations over the last year. However, there has not been any major change in the commercial property trends from what it was last year. The average price per sft is within the range of Rs. 29,800
The area is constantly being developed. About 14% of the land area is earmarked for housing with a focus on preserving open spaces. A large utility complex has been planned, which will provide amenities such as commercial and public utilities, car parks, taxi and bus stands for the residents. Two level basement parking is also permitted for every building.